NASDAQ$PLTR
Palantir Technologies Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Palantir reported a revenue growth of 27% year-over-year and raised full year revenue guidance.
Palantir's Q2 2024 earnings showcased strong growth with a 27% year-over-year revenue increase to $678 million. The company achieved a record GAAP EPS of $0.06 and raised its full-year revenue guidance, indicating continued positive momentum.
- Revenue grew 27% year-over-year to $678 million.
- US commercial revenue increased by 55% year-over-year.
- GAAP net income was $134 million, representing a 20% margin.
- GAAP earnings per share (EPS) grew 500% year-over-year to $0.06.
Headline financials
Revenue & EPS history
Palantir · Revenue · Quarterly
$678M
Forward guidance
Palantir anticipates revenue between $697 - $701 million and adjusted income from operations between $233 - $237 million for Q3 2024. For the full year 2024, the company raises revenue guidance to between $2.742 - $2.750 billion and US commercial revenue guidance to in excess of $672 million.
Tailwinds
- Revenue of between $697 - $701 million is expected for Q3 2024.
- Adjusted income from operations of between $233 - $237 million is expected for Q3 2024.
- Full year 2024 revenue guidance is raised to between $2.742 - $2.750 billion.
- US commercial revenue guidance is raised to in excess of $672 million, representing a growth rate of at least 47%.
- Adjusted income from operations guidance is raised to between $966 - $974 million for the full year 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+2.3%
Avg return
Earnings day
+6.3%
Avg return
5 days after
+16.4%
Avg return
30 days after
54%
15 / 28 earnings
Positive
+28.9%
Q1 2023
Best reaction
-23.1%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.6% | -5.6% | -3.3% | |
| Q4 2025 | +6.8% | -8.0% | +3.3% | |
| Q3 2025 | -7.9% | -14.1% | -14.1% | |
| Q2 2025 | +7.8% | +16.4% | -2.8% | |
| Q1 2025 | -12.0% | -5.2% | -3.1% | |
| Q4 2024 | +24.0% | +32.4% | -3.9% | |
| Q3 2024 | +22.0% | +39.3% | +66.6% | |
| Q2 2024 | +7.5% | +21.3% | +23.6% | |
| Q1 2024 | -8.3% | -11.7% | -1.6% | |
| Q4 2023 | +28.5% | +43.2% | +53.7% | |
| Q3 2023 | +26.6% | +26.0% | +35.9% | |
| Q2 2023 | -6.4% | -15.3% | -15.9% | |
| Q1 2023 | +28.9% | +28.2% | +98.2% | |
| Q4 2022 | +22.8% | +22.5% | +5.2% | |
| Q3 2022 | -9.1% | +6.1% | -10.8% | |
| Q2 2022 | -19.2% | -13.4% | -35.5% | |
| Q1 2022 | -23.1% | -12.0% | -3.2% | |
| Q4 2021 | -21.1% | -25.0% | -8.2% | |
| Q3 2021 | -15.8% | -14.7% | -28.2% | |
| Q2 2020 | +11.4% | +3.5% | +19.8% | |
| Q2 2021 | +11.4% | +7.2% | +17.6% | |
| Q1 2020 | -9.1% | +1.2% | +22.1% | |
| Q1 2021 | +2.3% | +8.7% | +30.7% | |
| Q4 2018 | +3.5% | -1.5% | -5.8% | |
| Q4 2020 | -15.1% | -9.1% | -24.9% | |
| Q4 2019 | +9.3% | +22.8% | +86.6% | |
| Q3 2019 | +9.3% | +22.8% | +86.6% | |
| Q3 2020 | -1.0% | +11.8% | +70.4% | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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